George Soros: Dollar's Strength Is A Measure Of System's "Sickness"

Tue, 7 Apr 2009

***Note: Due to the popularity of the first George Soros video I've posted, I have decided to post the rest of the videos from the same interview he did with Yahoo! Finance.***

This is Part 2 of the four part series.

George Soros, legendary currency trader and chairman of Soros Fund Management, shares his perspective on the status of the dollar as the world's reserve currency and on the causes for the recent strength in the dollar. Interestingly, when asked about his speculative trading positions on the dollar, the Euro and the British pound, Soros becomes rather evasive in his responses.

Soros on mismanagement of the dollar:
"The way things worked, we (the U.S. government) imposed discipline on everybody else, except ourselves, because we could print our money, and we abused that. We actually consumed, in the end, 6.5% more than we were producing, and that's now being reversed and I don't think you can ever go back there ever again."

Soros on why Germany does not want to bail out other E.U. members:
"First of all, their historic memory was seared by HYPER-INFLATION, the way ours was by [the Great] Depression. So they have a different attitude. Secondly, they are actually stimulating their own economy, and they say that countries that are fiscally imbalanced, are not in a position to stimulate, and that is correct."

Watch Part 1 - "George Soros: Zombie Banks Are Drawing The Lifeblood Of Economic Activity" here:
http://www.youtube.com/watch?v=YJD3MP0BT1w

Watch Part 3 - "George Soros Predicts Stagflation" here:
http://www.youtube.com/watch?v=mHV0KBtOnXs

Watch Part 4 here:
[Coming Soon]

Category:

News & Politics

Tags:

• stagflation
• inflation
• stagnation
• deflation
• depression
• recession
• economy
• financial
• GDP
• CPI
• PPI
• economics
• gold
• silver
• oil
• dollar
• money
• supply
• monetary
• base
• Federal
• Reserve
• George
• Soros
• euro
• sterling
• forex
• currency

[tubewrestler]

this guy is a thief who also attempts to change nation's identities.

[ajack50]

obama just granted 2 billion dollars to this thief for drilling in venezuala, with our stimulus money! payoffs are expensive but cheap when its America's money. vote them all out in 2010 and odumbass in 2012, we all know that crooks stick together

[spawnupe]

DID he just say that he know exactly what the dollar is going to do? Did he just say that I am not in the position to explain why? HUH? Why not tell us your opinion? Isn't he on a talk show expressing some opinions of the issue? What does he know that we dont? hmmmmmmm

[DCUPtoejuice]

That is true of EVERY currency you asshole!

[DCUPtoejuice]

I am insulted when he says "WE" referring to himself as an American.

[neffada53]

He isn't really Greek, original last name is Schwartz. Name was changed to Soros which means (in Greek) 'to soar'. Some Asians can't stand him, called him a bloodsucker that sucks the life's blood from people. Likes the game of bringing down governments and their economies, sights set on U.S. now. Friend of Obama's, has been to the White House many times. Lots of good info on this man on Google.

[virtual4desires]

HE JUST BET 10 TO 1 THAT THE U.S CREDIT RATING WOULD BE DOWNGRADED. DON'T YOU SMELL THE CORRUPTION!! S & P GET'S PAID OFF TO DOWNGRADE THE CREDIT RATING AND SORO'S MAKES 1 BILLION DOLLAR PROFIT! AND AMERICA? STILL FUCKING ALSEEP!!!!! COWARD MOTHER FUCKERS!

[virtual4desires]

YOU ARE A DISGRACE TO THE GREEK CULTURE YOU SCUM BAG BUCKET, GO FUCK YOURSELF! YOU WILL ROT IN HELL MOTHER FUCKER!.

[jezza1789]

George soros is a Top insider so he has many secrets

[Steventk26]

LEARN THE INSIDER SECRETS OF THE SUPER WEALTHY !!

30billionaireschangingtheworld dot kom

[1969liberty]

A new global currency is a good idea but when it is issued it must belong to the citizen and not to the print shop :) On this way it will be given to the citizens and not lent!

[ICommentCuzImBored]

World government a world wide soviet union that's what sorros's goal is proof because he supports the euro and not the dollar cuz the euro puts all individual economies into one pot (communists believed that economies don't grow or decline they think that economies are in a big pot and they can just pull whatever they want out of the pot and everything will be ok) look at history and it'll show u why economies shouldn't be centralized